This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate in the production of various organic materials, including pharmaceuticals, agrochemicals, and advanced polymers. Its boronic ester group enables efficient coupling with aryl halides, making it valuable for constructing complex molecular architectures. Additionally, it is employed in the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its ability to form conjugated systems that enhance electronic properties. Its stability and reactivity make it a preferred choice in research and industrial applications for creating tailored organic compounds.